Great post, I'm always late to reply.

What I would do with 1 Million Steem Power (Assuming it can't be cashed out) is provide regular small upvotes to contributing members. I said it before that I believe smaller consistent upvotes are worth far more compared to getting the ocasional whale upvote. @busy.org had a great system in place to do it in a way that's hard to scam but they paused their program somehow which many using their platform really feel. Thanks for recommending @esteemapp the other day, it's a good platform and it definitely makes a difference using them !